Ryman Hospitality Properties, Inc. (NYSE:RHP) Holdings Lowered by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company trimmed its holdings in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP - Free Report) by 16.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 34,591 shares of the real estate investment trust's stock after selling 6,897 shares during the period. The Manufacturers Life Insurance Company owned about 0.06% of Ryman Hospitality Properties worth $3,710,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of RHP. Principal Financial Group Inc. grew its stake in shares of Ryman Hospitality Properties by 41.9% in the third quarter. Principal Financial Group Inc. now owns 3,153,360 shares of the real estate investment trust's stock valued at $338,168,000 after buying an additional 931,283 shares in the last quarter. American Century Companies Inc. grew its position in Ryman Hospitality Properties by 0.8% in the second quarter. American Century Companies Inc. now owns 1,586,256 shares of the real estate investment trust's stock valued at $158,404,000 after acquiring an additional 12,058 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Ryman Hospitality Properties by 264.2% during the second quarter. Massachusetts Financial Services Co. MA now owns 1,199,392 shares of the real estate investment trust's stock valued at $119,771,000 after purchasing an additional 870,081 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Ryman Hospitality Properties by 0.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 964,315 shares of the real estate investment trust's stock valued at $103,413,000 after purchasing an additional 6,289 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in shares of Ryman Hospitality Properties by 1.0% during the second quarter. Dimensional Fund Advisors LP now owns 820,639 shares of the real estate investment trust's stock worth $81,947,000 after purchasing an additional 8,469 shares in the last quarter. 94.48% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Ryman Hospitality Properties

In other news, Director Fazal F. Merchant sold 1,269 shares of Ryman Hospitality Properties stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $113.98, for a total transaction of $144,640.62. Following the transaction, the director now directly owns 4,825 shares in the company, valued at approximately $549,953.50. This trade represents a 20.82 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Alvin L. Bowles, Jr. sold 900 shares of the company's stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $107.32, for a total value of $96,588.00. Following the completion of the sale, the director now owns 3,148 shares of the company's stock, valued at approximately $337,843.36. This trade represents a 22.23 % decrease in their position. The disclosure for this sale can be found here. 3.00% of the stock is owned by company insiders.

Ryman Hospitality Properties Stock Performance

RHP traded up $0.07 on Friday, hitting $118.25. 324,954 shares of the company's stock were exchanged, compared to its average volume of 400,268. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 6.07. The stock has a fifty day moving average of $111.88 and a two-hundred day moving average of $105.28. Ryman Hospitality Properties, Inc. has a twelve month low of $93.76 and a twelve month high of $122.91. The firm has a market cap of $7.08 billion, a PE ratio of 21.00, a P/E/G ratio of 2.98 and a beta of 1.65.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last released its quarterly earnings data on Monday, November 4th. The real estate investment trust reported $0.94 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.83 by ($0.89). The company had revenue of $549.90 million for the quarter, compared to analyst estimates of $545.93 million. Ryman Hospitality Properties had a net margin of 14.84% and a return on equity of 61.94%. The company's revenue for the quarter was up 4.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.73 EPS. On average, research analysts anticipate that Ryman Hospitality Properties, Inc. will post 8.44 earnings per share for the current fiscal year.

Ryman Hospitality Properties Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a $1.15 dividend. This is a boost from Ryman Hospitality Properties's previous quarterly dividend of $1.10. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $4.60 annualized dividend and a yield of 3.89%. Ryman Hospitality Properties's dividend payout ratio is 81.71%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on RHP shares. Wells Fargo & Company dropped their price target on shares of Ryman Hospitality Properties from $127.00 to $115.00 and set an "overweight" rating on the stock in a research note on Friday, September 13th. Truist Financial raised their price target on shares of Ryman Hospitality Properties from $130.00 to $136.00 and gave the stock a "buy" rating in a research report on Monday, November 18th. Finally, Jefferies Financial Group started coverage on shares of Ryman Hospitality Properties in a report on Wednesday, November 6th. They issued a "buy" rating and a $130.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, Ryman Hospitality Properties currently has a consensus rating of "Moderate Buy" and an average target price of $126.17.

Ryman Hospitality Properties Company Profile

Ryman Hospitality Properties, Inc NYSE: RHP is a leading lodging and hospitality real estate investment trust that specializes in upscale convention center resorts and entertainment experiences. The Company's holdings include Gaylord Opryland Resort & Convention Center; Gaylord Palms Resort & Convention Center; Gaylord Texan Resort & Convention Center; Gaylord National Resort & Convention Center; and Gaylord Rockies Resort & Convention Center, five of the top seven largest non-gaming convention center hotels in the United States based on total indoor meeting space.